Overview

Fund Profile

Key Facts

Portfolio Strategy

BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of Canadian banks
  • Call option writing reduces volatility
  • Professionally managed by BMO Global Asset Management

risk rating

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Price & Performance

Performance Chart

Performance Chart Header

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Performance Details

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Sep 17, 2021, 1 Day Change, 1 Day % Change
Unit Price as of
(Sep 17, 2021)
1 Day Change 1 Day % Change
Market Price $ 20.72 $ -0.16 -0.77%
Price (NAV) $ 20.7008 $ -0.1787 -0.86%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 31, 2021

AnnualizedPerformanceCaption
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 33.97% 15.23% 7.88% 9.80% 9.84% 9.43%
INDEX - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 31, 2021

CalendarPerformanceCaption
YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012
NAV 22.33% 1.81% 14.27% -8.08% 11.62% 25.26% -4.12% 11.66% 16.18% 13.01%
INDEX - - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 31, 2021

CumulativePerformanceCaption
YTD 1 Mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 22.33% 1.30% 1.43% 14.22% 33.97% 32.78% 25.56% 59.61% 155.61% 159.93%
INDEX - - - - - - - - - -

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Distribution

Distribution Header Commentary

Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.

The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.

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DistributionHistoryTableCaption
Distribution Period

Future distribution dates may change without any prior notice.

Footnote
Ex-Dividend Date Record Date Pay Date Cash Distribution Per Unit Reinvested Distribution Per Unit

Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

Footnote
Total Distribution Per Unit
Jan, 2021 Jan 27, 2021 Jan 28, 2021 Feb 02, 2021 0.085000 0.000000 0.085000
Feb, 2021 Feb 24, 2021 Feb 25, 2021 Mar 02, 2021 0.100000 0.000000 0.100000
Mar, 2021 Mar 29, 2021 Mar 30, 2021 Apr 05, 2021 0.100000 0.000000 0.100000
Apr, 2021 Apr 28, 2021 Apr 29, 2021 May 04, 2021 0.100000 0.000000 0.100000
May, 2021 May 26, 2021 May 27, 2021 Jun 02, 2021 0.100000 0.000000 0.100000
Jun, 2021 Jun 28, 2021 Jun 29, 2021 Jul 06, 2021 0.100000 0.000000 0.100000
Jul, 2021 Jul 28, 2021 Jul 29, 2021 Aug 04, 2021 0.100000 0.000000 0.100000
Aug, 2021 Aug 27, 2021 Aug 30, 2021 Sep 02, 2021 0.100000 0.000000 0.100000
Sep, 2021 Sep 28, 2021 Sep 29, 2021 Oct 04, 2021 - - -
Oct, 2021 Oct 27, 2021 Oct 28, 2021 Nov 02, 2021 - - -
Nov, 2021 Nov 26, 2021 Nov 29, 2021 Dec 02, 2021 - - -
Dec, 2021 Dec 29, 2021 Dec 30, 2021 Jan 05, 2022 - - -
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DistributionTaxTableCaption
Distribution Period Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return on Capital Foreign Income Foreign Tax Paid Total Distribution per Unit for Tax Purpose

The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

Footnote
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Holdings & Allocations

Daily Holdings

As of Sep 17, 2021

Stock

100.13%

Cash and Cash Equivalents

-0.13%

Number of Holdings

37

Total Net Assets

$ 2,293,647,532.00


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No column selected.
Daily holdings table has 5 columns. Table columns are Weight (%), Name, ISIN, Bloomberg Ticker, Base Market Value
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
27.13% BMO EQUAL WEIGHT BANKS INDEX ETF CA0556851016 ZEB 17,149,665 CAD 622,220,030 - Stock
13.07% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 2,053,435 CAD 299,780,976 Financials Stock
12.93% BANK OF MONTREAL CA0636711016 BMO 2,319,459 CAD 296,542,833 Financials Stock
12.54% NATIONAL BANK OF CANADA CA6330671034 NA 2,935,616 CAD 287,631,656 Financials Stock
12.22% ROYAL BANK OF CANADA CA7800871021 RY 2,195,155 CAD 280,233,487 Financials Stock
11.26% TORONTO-DOMINION BANK/THE CA8911605092 TD 3,130,884 CAD 258,235,312 Financials Stock
10.99% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 3,223,183 CAD 252,020,679 Financials Stock
0.00% BANK OF NOVA SCOTIA/THE 17Sep2021 82 CALL - BNS 9 C82 -3,000 CAD -3,000 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 17Sep2021 88 CALL - TD 9 C88 -3,000 CAD -3,000 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 24Sep2021 102 CALL - 4NA 9 C102 -2,000 CAD -12,000 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 17Sep2021 131 CALL - RY 9 C131 -3,000 CAD -12,000 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 01Oct2021 137 CALL - 1RY 10 C137 -2,900 CAD -17,400 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 15Oct2021 82 CALL - BNS 10 C82 -3,200 CAD -19,200 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 17Sep2021 130 CALL - BMO 9 C130 -3,000 CAD -21,000 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 24Sep2021 81.5 CALL - 4BNS 9 C81.5 -3,400 CAD -22,100 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 15Oct2021 86 CALL - TD 10 C86 -4,000 CAD -24,000 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 17Sep2021 99 CALL - NA 9 C99 -3,500 CAD -26,250 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 08Oct2021 85.5 CALL - 2TD 10 C85.5 -3,500 CAD -28,000 - Cash and Cash Equivalents
0.00% ZEB CN 10/13/21 C37.3 - - -20,000 CAD -28,926 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 01Oct2021 150 CALL - 1CM 10 C150 -2,500 CAD -37,500 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 08Oct2021 80.5 CALL - 2BNS 10 C80.5 -3,300 CAD -39,600 - Cash and Cash Equivalents
0.00% ZEB CN 09/29/21 C37.85 - - -20,000 CAD -45,270 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 15Oct2021 135 CALL - RY 10 C135 -2,700 CAD -45,900 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 15Oct2021 151 CALL - CM 10 C151 -2,500 CAD -67,500 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 17Sep2021 148 CALL - CM 9 C148 -2,300 CAD -69,000 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 15Oct2021 135 CALL - BMO 10 C135 -3,400 CAD -71,400 - Cash and Cash Equivalents
0.00% BMO EQUAL WEIGHT BANKS INDEX E 15Oct2021 38 CALL - ZEB 10 C38 -10,000 CAD -80,000 - Cash and Cash Equivalents
0.00% BMO EQUAL WEIGHT BANKS INDEX E 17Sep2021 37 CALL - ZEB 9 C37 -20,000 CAD -110,000 - Cash and Cash Equivalents
-0.01% BANK OF MONTREAL 01Oct2021 130 CALL - 1BMO 10 C130 -2,800 CAD -168,000 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 15Oct2021 100 CALL - NA 10 C100 -2,500 CAD -185,000 - Cash and Cash Equivalents
-0.01% BANK OF NOVA SCOTIA/THE 19Nov2021 80 CALL - BNS 11 C80 -3,000 CAD -192,000 - Cash and Cash Equivalents
-0.01% TORONTO-DOMINION BANK/THE 19Nov2021 85 CALL - TD 11 C85 -4,000 CAD -192,000 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT BANKS INDEX E 15Oct2021 38.5 CALL - ZEB 10 C38.5 -20,000 CAD -210,000 - Cash and Cash Equivalents
-0.01% ZEB CN 10/28/21 C37.1 - - -20,000 CAD -239,566 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT BANKS INDEX E 01Oct2021 38 CALL - 1ZEB 10 C38 -20,000 CAD -300,000 - Cash and Cash Equivalents
-0.02% NATIONAL BANK OF CANADA 17Sep2021 97.5 CALL - NA 9 C97.5 -3,500 CAD -437,500 - Cash and Cash Equivalents
-0.01% CASH - - 1 CAD -309,969 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 1 range. The range is: 100%, Financials.

Geographic Allocation

has a donut chart divided into 1 range. The range is: 100%, Canada.

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